Prices of construction materials in Saudi Arabia rose in the first nine months of 2018, led by cable prices which rose 18 percent year-on-year (YoY), data issued by the Kingdom’s General Authority for Statistics (GASTAT) showed.
Steel prices jumped 15 percent YoY to SAR 2,558.67 per ton for the period, compared to SAR 2,227.11 per ton a year earlier.
Wood prices rose 6 percent YoY in 9M 2018.
In contrast, cement prices marginally dropped by 0.2 percent YoY, and ready-mix concrete fell 5 percent YoY to an average price of SAR 173.69 per cubic meter.
|
Average Prices of Construction Materials (SAR) |
|||
|
Material |
9M 2017 |
9M 2018 |
Variation |
|
Ready-mix concrete (cubic meter) |
182.11 |
173.69 |
(5%) |
|
Steel (ton) |
2,227.11 |
2,558.67 |
+15% |
|
Cement (50 kilo bag) |
12.79 |
12.77 |
(0.2%) |
|
Cables (meter) |
26.95 |
31.73 |
+18% |
|
Wood (cubic meter) |
2,492.26 |
2,645.93 |
+6% |
Steel prices rose the most in August to SAR 2,581 per ton, as shown in the table below:
|
Steel Prices (SAR/ton) |
|||
|
Month |
2017 |
2018 |
Variation |
|
January |
2,319 |
2,533 |
+9% |
|
February |
2,283 |
2,561 |
+12% |
|
March |
2,259 |
2,563 |
+13% |
|
April |
2,258 |
2,539 |
+12% |
|
May |
2,200 |
2,545 |
+16% |
|
June |
2,133 |
2,562 |
+20% |
|
July |
2,109 |
2,580 |
+22% |
|
August |
2,169 |
2,581 |
+19% |
|
September |
2,314 |
2,564 |
+11% |
|
Average |
2,227 |
2,559 |
+15% |
Cement prices were the lowest in September at SAR 12.47 per 50-kilogram bag, down 1 percent YoY.
|
Cement prices (SAR/50 Kg bag) |
|||
|
Month |
2017 |
2018 |
Variation |
|
January |
12.98 |
13.12 |
+1% |
|
February |
13.01 |
12.98 |
(0.2%) |
|
March |
12.86 |
13.01 |
+1% |
|
April |
12.80 |
12.82 |
+0.2% |
|
May |
12.76 |
12.74 |
(0.2%) |
|
June |
12.75 |
12.68 |
(1%) |
|
July |
12.74 |
12.62 |
(1%) |
|
August |
12.65 |
12.50 |
(1%) |
|
September |
12.59 |
12.47 |
(1%) |
|
Average |
12.79 |
12.77 |
(0.2%) |
The following table shows the prices of ready-mix concrete, cables, and wood in the first nine months of 2018:
|
Construction Materials (SAR) |
|||
|
Month |
Ready-mix concrete (cubic meter) |
Cables (meter) |
Wood (cubic meter) |
|
January |
178.25 |
31.37 |
2,633.79 |
|
February |
175.35 |
31.93 |
2,605.08 |
|
March |
176.27 |
31.88 |
2,639.97 |
|
April |
175.57 |
31.73 |
2,641.39 |
|
May |
174.89 |
31.81 |
2,632.52 |
|
June |
173.91 |
31.77 |
2,671.98 |
|
July |
169.86 |
31.82 |
2,667.89 |
|
August |
169.92 |
31.78 |
2,671.81 |
|
September |
169.17 |
31.48 |
2,648.91 |
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